Hello, guys!
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?
Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?
Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.
I sold my 1M bitcoins to get my profit.
....Just kidding.Maybe a lot of people stopped buying bitcoins because they are holding enough btc and waiting for price
increase.The demand went down and the price dropped down too.
Maybe after the halving the price can drop down again we have to wait it out.
Price may drop in next few weeks, but I don't think we will see major dump now price may drop to $600 not more then that if price goes there then may people will start buying bitcoins.